Why Tamil Nadu is becoming a hub of India's Electric Vehicle revolution?
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India’s top EV companies Ola, Ather Energy, Sri Varu Motors, Simple Energy, TVS Electric and Ampere are lining up in setting up their manufacturing facilities to make their e-scooters in Tamil Nadu while @Guidance_TN is now in talks with Exide & Amara Raja
Tamil Nadu has an exclusive EV policy since 2019 that offers sops like 100% reimbursement of SGST till Dec 31, 2030, 15% capital subsidy & 100% electricity tax exemption till December 2025. It also provides a 20% capital subsidy for EV battery manufacturing till Dec 2022.
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And the result:
India’s top EV companies Ola, Ather Energy, Sri Varu Motors, Simple Energy, TVS Electric and Ampere are lining up in setting up their manufacturing facilities to make their e-scooters in Tamil Nadu while @Guidance_TN is now in talks with Exide & Amara Raja
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to set up their units to manufacture batteries for e-scooters. Lucas-TVS, ELETS, Li Energy and Stanadyne have already signed MoUs for setting up their units to produce batteries for electric two-wheelers. This is just the scenario of EV. Already TN leads India in
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Dravidian model is all about creating an ideal investment destination ecosystem. Right from IT to defense and aerospace to automobile to energy to tourism, Tamil Nadu leads the nation.
Tamil Nadu has the most number of registered factories in India, far higher than Maharashtra.
In terms of tourism, Tamil Nadu received 20.1% of international tourists and 23.3% of domestic tourists in India (pre-Covid levels).
Chennai alone attracts about 45% of health tourists from abroad arriving in the country and remains the Health Capital of India.
Govt of India introduced New Education Policy (NEP). One of its main aim is to increase the Gross Enrollment Ratio (no. of students joining colleges after completing schools) to 50% by 2035. Guess what, Tamil Nadu has already achieved this.
Current GER: India – 27% TN – 51.4%
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